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Action Policy Digest October 2021

Autore : Action Institute

Data: 11-10-2021

Tipo: Other

Tematica: Action Institute

Hello, Action Policy Digest readers!
Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.

 

 FINANCE 

 

 A new integrated-value assessment method for corporate investment“. To contribute more to the green transition, companies should start to make investment decisions based on integrated-value assessment, weighing up the environmental and social impacts alongside the financial returns.

 Distrust versus speculation: The drivers of cryptocurrency investments“. Some see cryptocurrencies as a potential substitute for fiat money and commercial banking. This column examines whether cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance.

 The Macroeconomics of Debt“. Debt continues to grow around the globe, regularly creating cause for concern. Are today’s economies really nothing but a house of cards? The COVID-19 pandemic has not helped matters: the debt of most Western governments has soared as a result.

 Monetary arithmetic and inflation risk“. Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance.

 International Strategy to Better Protect the Financial System Against Cyber Threats“. A vision for how the international community could better protect the financial system against cyber threats.

 

INNOVATION AND DEVELOPMENT

 

 Opening up digital platforms and reducing anticompetitive risks“. The current convergence in measures to open up digital platforms leaves a door open to some form of international coordination.

 Fostering FinTech for financial transformation“. The recent wave of financial innovation related to digitalisation has the potential to change the landscape of financial service providers quite dramatically, creating the need for a flexible regulatory framework that can accommodate these changes while safeguarding stability.

 Can fintech improve health?“. Access to electronic financial services, in particular digital money, has replaced the digital divide as an unintended yet significant barrier for low-income individuals to participate in new technologies, including those that lead to better health outcomes. This paper explores this problem in depth.

 

 EUROPEAN AFFAIRS 

 

 Comparing and assessing recovery and resilience plans“. Assessing and comparing national recovery and resilience plans is a particularly difficult exercise. This study proposes a methodological approach to compare and assess reforms and investments, based on their relevance, effectiveness and coherence, and applies it to six EU member states.

 The euro area’s COVID-19 recession through the lens of an estimated structural macro model“. The COVID-19 recession differs strongly from past crises in recent history. This column summarises the integration of key economic features of the pandemic into the European Commission’s estimated DSGE model.

 

SOCIAL POLICY

 

 Remote work, EU labour markets and wage inequality“. More remote working in the wake of the pandemic could exacerbate wage inequality, with young workers, women and the low educated potentially losing out.

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]